Geithner said the Obama administration would soon release a framework for corporate-tax reform that lowers rates, limits the ability of firms to shift profits overseas and eliminates "dozens and dozens" of tax breaks.

The Obama administration proposed an $8 billion program aimed at training two million community-college students for jobs in high-growth industries, part of his efforts to make higher education more attainable—and affordable.

President Barack Obama's budget request to Congress Monday will include billions of dollars to boost infrastructure spending and incentives for manufacturers, who are key to lifting the economy and the president's re-election efforts.

The Canadian government didn't raise tax rates in Thursday's budget, but it did unveil close to 80 new measures to deter tax avoidance and close so-called loopholes to help it return to a balanced budget in 2015.

India’s Finance Minister P. Chidambaram promised that the government would try to introduce more steps to boost the economy when the federal budget is discussed in Parliament this week, but analysts say sweeping new reforms are unlikely.